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Salaried jobs drop for first time in 20 years
Kippra Executive Director Dr Rose Ngugi peruses through the 2021 Economic Survey Report after its launch on September 9, 2021. PHOTO | JEFF ANGOTE | NMG
The number of formal jobs in Kenya last year contracted for the first time in two decades, reflecting the struggles of the economy that also shrank for the first time since 1992 on the back of coronavirus-induced shutdowns and restrictions.
The annual economic data released by the Kenya National Bureau of Statistics (KNBS) on Thursday showed the economy shed 187,300 formal jobs in the year ended June 2020, marking the first time since 2001 when some 18,300 salaried workers were struck off payrolls.
